Media

In 2021, the richest countries agreed on a fairer tax system. Within the framework of the OECD, a historic agreement on the taxation of multinationals was reached, but the United States ultimately decided to withdraw from it.

Giulia Varaschin, policy advisor at the EU Tax Observatory directed by economist Gabriel Zucman: “The idea is simply to make the wealthiest segment of the population pay what they owe, as they are by far the least taxed group.” The rejection? “The proposal is bound to return.”

Why the Zucman tax appeals to 85% of the French.

“We’ve only recently been able to measure their importance in the wealth of major French fortunes,” notes Bluebery Planterose, a specialist in tax evasion, PhD candidate at the École normale supérieure, and currently a visiting researcher at Harvard.

That 2 percent didn’t just come out of nowhere: it is based on years of serious research. The super-rich contribute much less than the middle class because they hide their wealth in various holdings.

“The logic is unassailable; it’s very strong. The democratic demand and support for this type of policy is overwhelming. It’s just a matter of time.”

"The fact that billionaires today actually pay much less than the rest of the population. Often, thanks to tax optimization, they pay zero or almost no income tax."

This week, we focus on the Zucman tax. Named after French economist Gabriel Zucman, the proposal targets the ultra-wealthy and is the French left's answer to the country's public finance woes.

Based on the principles of the Zucman tax, this mechanism is intended to target taxpayers with assets exceeding €100 million whose total tax liability, including income tax, the generalized social contribution (CSG), the contribution to the repayment of the social debt (CRDS)...

Theo Palomo, a researcher at the EU Tax Observatory, presented a study conducted in partnership with the Federal Revenue Service that obtained two main conclusions: that, in Brazil, the richest 1% concentrates 27.4% of all national income and that we have a regressive tax system.